HIBT Lab! Wonder: Marc Lore
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
Hello and welcome to How I Built This Lab. I'm Guy Raz. As you might already know, How I Built This Lab is the place where we talk to founders and entrepreneurs working on big ideas that could have a significant impact on the world. It's also the place we talk to interesting content creators and even past guests from the show to catch up on what's been going on in their lives now. Well today we're joined by someone who first shared his story on how I built this in 2021. Mark Lori is the founder of diapers.com and Jet.com. He grew up on Staten Island, where from an early age, he was always trying to find ways to make money, especially because his family didn't have much. Mark would eventually become the first person in his family to graduate from college, and at one point, He became so committed to bobsledding
that he actually qualified for the US Men's National Bobsled Team in nineteen ninety eight. If you haven't heard that episode of the show, go back and find it. It is really Amazing. Anyway, Mark eventually started a trading card business with a friend in the late 1990s. It was an early e commerce business, and in the two thousands. He'd go on to build Dipers.com, which by 2010 became the biggest seller of baby products on the internet.
That is, up until Amazon caught notice and acquired the company. It was actually a low point in Mark's career. So a few years later, Mark started another e-commerce site called Jet.com. and it would go head to head with Amazon. It was a business that would eventually be acquired by Walmart, for around$3 billion. Fast forward to today, and Mark has since retired from his role as Walmart CEO of the e-commerce division.
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